Private Equity
Leverkusen-based TMD Friction, which for six years was owned by UK buyout firm Montagu Private Equity, has now been bought out of bankruptcy by UK-based asset management firm Pamplona, saving 3,800 jobs.
1 min read · 05 January 2013
Canadian online parenting platform Kaboose has sold its UK operations, Bounty Group, to Barclays Private Equity as well as around $18m worth of US assets to Disney Online. The media firm said it had had 'a difficult year'.
1 min read · 05 January 2013
The government’s auto industry task force rejected a restructuring plan put forth by Cerberus Capital Management-backed Chrysler as part of its government bailout. The task force said a quick restructuring in bankruptcy may be the company's best chance for survival.
3 min read · 05 January 2013
The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.
2 min read · 05 January 2013
A former veteran of 3i's growth capital team Mike Reid has joined the newly rebranded Frog Capital – a cleantech and IT-focused venture capital firm that has just raised a further €40 million from its backers the German Engelhorn family.
2 min read · 05 January 2013
When the dust of the financial crisis settles, Sub-Saharan Africa will throw up some compelling investment opportunities.
1 min read · 05 January 2013
London- and Paris-based Vespa Capital is halfway towards the €100m target for its debut mid-market fund.
1 min read · 05 January 2013
The auction for Barclays Capital’s ETF management business has the investment banking group pitted against a selection of private equity firms including Hellman & Friedman, Bain and TPG. Vanguard, a US-based investment management firm, is also mounting a bid.
2 min read · 05 January 2013
Alan Milburn wants the forthcoming UK budget to allow private equity-backed companies the ability to offer tax-approved employee share ownership schemes for the first time. The current situation is 'anomalous and must be changed', says the politician.
2 min read · 05 January 2013
The two buyout firms are moving to ‘optimise the balance sheet’ of Springer Science and Business Media by selling a minority stake. Meanwhile another Candover portfolio company, DX Services, is in danger of breaching its debt covenants.
2 min read · 05 January 2013
